I think we're at the peak of the 'Mini Bull Run', similar RSI lavels compared to the peack of the last Mini bull run BTC is massivley overbought on the weekly timeframe and needs to show support at 40,000. Maybe 38,000 - 36,000. It'll be fast.
Shorting the DXY to 101.9, the stop loss is very risky though.
maybe a pullback to low liquidity area before dropping. 2:1 risk-reward, reasonably safe setup.
it's in an accelerating downtrend with very little upwards momentum. However a head and shoulders is against me though, kinda looks like it might not be holding.
Head and shoulders pattern on the 1-hour, pretty decent risk to reward setup
Buy in 38k, 37k, 36k and 35k because what if I'm wrong rose predictions
Confirmed by diverging RSI as well as both BXY and DXY, both indexes look ready to shoot in their respective directions (BXY - short, DXY- Long) Have a look at my pitchfork idea for BXY and DXY too
Using a line of best fit and a pitchfork, there's a safe 3:1 trade to the central band. The price will probably go higher though. This is also the continuation cycle on the Elliot wave finishing the a-b-c correction. The maximum price for this year is $240,000 but if that is reached a plummet similar to last march will probably happen.
Identifying key support and resistance zones with potential retest zones
Looking for rejection at 2.45 for long position. Take profit 2.8 Rose predictions🌹
2021 price prediction high: 279.99-290 Position Size: 4.0 SOL Entry: 191.4 Take Profit: 270 2022 prediction: price doubling. Rose Predictions 🌹
Long position to $200, Stop loss just below previous low, outside of the wedge
This predction is made from my USDJPY algorithm running on MT5 . It looks at long term EMA & stoch indicator to determine relative oscillation. - Check it out! /en/signals/877662
When have you ever seen a double attempt at a resistance line, & it not breakout?
Rising Stock & EMA acting as resistance suggest an attempt at new lows
Confirmation on stoch & using moving average as tp.